11 Amendments of Markus FERBER related to 2017/0335(CNS)
Amendment 41 #
Proposal for a directive
Article 2 – paragraph 2 – point b
Article 2 – paragraph 2 – point b
(b) 'independent bodies' means bodies that are structurally independent or bodies endowed with functional autonomy vis-à- vis the budgetary authorities of the Member State, and which are underpinned by national legal provisions ensuring a high degree of functional autonomy and accountability. as defined in Regulation (EU) No 473/2013. Or. en (cf. ECB Opinion CON/2018/251)
Amendment 44 #
Proposal for a directive
Article 2 – paragraph 2 – point c a (new)
Article 2 – paragraph 2 – point c a (new)
Amendment 48 #
Proposal for a directive
Article 3 – paragraph 1 – introductory part
Article 3 – paragraph 1 – introductory part
1. Each Member State shall set uphave in place a framework of binding and permanent numerical fiscal rules which are specific to it, strengthen its responsible conduct of fiscal policy and effectively promote compliance with its obligations deriving from the TFEU in the area of budgetary policy over a multiannual horizon for the general government as a whole. That framework shall include in particular the following rules: Or. en (cf. ECB Opinion CON/2018/25)
Amendment 49 #
Proposal for a directive
Article 3 – paragraph 1 – point a
Article 3 – paragraph 1 – point a
(a) a medium-term objective in terms of structural balance shall be set in order to ensure that the ratio of government debt to gross domestic product at market prices does not exceed the reference value set out in Article 1 of Protocol No 12 on the excessive deficit procedure or approaches it at a satisfactory pace. This medium-term objective shall be consistent with the requirements imposed by Article 2a of Council Regulation (EC) No 1466/97, in particular with the requirement that the budgetary position of the general government shall be close to balance or in surplus. This indicates that the medium- term objective shall not exceed the upper limit of the structural deficit of 0.5% of gross domestic product, which can become 1.0% of gross domestic product where the debt level is significantly below 60% of gross domestic product Or. en (cf. ECB Opinion CON/2018/25)
Amendment 52 #
Proposal for a directive
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) fiscal planning shall include a medium-term growth path of government expenditure net of discretionary revenue measures and consistent with the medium- term objective or the time-frame for a rapid convergence towards it. Thate progress towards the medium-term objective shall be in line with the SGP. The corresponding expenditure path shall be set as soon as a new government takes office in the Member State, for the term of the legislature as established by the constitutional legal order of that Member State, and shall be respected by the annual budgets throughout that period. The expenditure growth targets may need to be adjusted in the light of updated macroeconomic developments and if deviations from the government expenditure path referred to in this paragraph need to be compensated for in accordance with point (b) of paragraph 2.’ Or. en (cf. ECB Opinion CON/2018/25)
Amendment 60 #
Proposal for a directive
Article 3 – paragraph 4 – introductory part
Article 3 – paragraph 4 – introductory part
4. Member States shall designate independent bodiesThe independent bodies designated by Member States pursuant to Article 5 of Regulation (EU) No 473/2013 shall be responsible for monitoring compliance with the provisions inof paragraphs 1 and 2. The independent bodies shall provide public assessments to ascertain: Or. en (cf. ECB Opinion CON/2018/25)
Amendment 68 #
Proposal for a directive
Article 3 – paragraph 7 – point a
Article 3 – paragraph 7 – point a
Amendment 70 #
Proposal for a directive
Article 3 – paragraph 7 – point b
Article 3 – paragraph 7 – point b
Amendment 73 #
Proposal for a directive
Article 3 – paragraph 7 – point c
Article 3 – paragraph 7 – point c
Amendment 75 #
Proposal for a directive
Article 3 – paragraph 7 – point d
Article 3 – paragraph 7 – point d
Amendment 84 #
Proposal for a directive
Article 3 – paragraph 7 – point e
Article 3 – paragraph 7 – point e